Apple Breaks Record with $17 Billion Bond Deal

Apple is selling $17 billion of bonds, a record amount for a U.S. investment-grade corporate offering. Katy Burne reports on the News Hub. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... all launch is ... a distant long deal in history to racing billions of dollars in signing of the stalk up a bit ... we thought we built the ... house mom of the above amount to sign up in after hours will have back and mall right and right now on the New Saab good afternoon and welcome I'm Simon Constable ... to tell us more about this mega deal ... Katy Burne joins us from the fixed income desk thanks Amanda I and ... so ... they raked in ... millions horses in ... the news of the last time how much exactly ... are they going to seventeen belly and say this ever present pricing allow that they had pretty much let it go in with and has a lot of money has about three times more them on them when they need to fill the box and ... while yes it's a big day in the bond market is still ... so glum and more willing to pay for this that interest right wise ... so and then Ting and sixty cents in on a fixed rate site this three five tense and plenty of bonds ... and they tend to look like any upcoming amount that he played twenty percent says just like that where Microsoft recently dispense that ... so very very cheap very cheap money the ICE AAA lights right ... yet ... now ... if they bring in the seventeen billion which is which is what they're expecting to win it looks like they'll do that they will be ... the biggest deal lah but just ahead of Roche and some of the company in the U S and tons of the U S market corporate debt yet not look about some boasts sixteen awfully and ... comic timing Pfizer down a general effort which is up a iam AG a company planning by any standards I am I believe the stock in small town of what matters not ... I let me means thinking is this mean when stops I mean Apple's Sets beading the son of one deal when they conceal this yet and I have to keep doing more as they wanted to one hundred billion and I aam returned to shareholders as St two thousand and fifteen cents ... beginning he didn't like that and the under minus twenty two minutes because I have a ton of cash on about the hundred forty five during tax on the balance sheet allowed to visit the seas and it's a cheap right now insisted that ... I was that ... that's much so that the fermented to just a sheet that he and borrow Airbus's between the cash that still ... meant paying tax on et-cetera that's the repack reaction types of people were worried ... about my When a loved ... one of things I find very interesting about the palm of his is an online going to the bank for a loan isn't ... the twenty oh my twenties I want you know ten thousand dollars ... and you'll get ten thousand dollars ... they say it's a it's tells about how they think they can sell at St humungous offering but they haven't exactly how much they can sell and so pretty much ... in the morning of the deal said the attack to know what's the macro environment Canterbury deal the slides they believed on average than their taxable life into this figure out ... you know what's the tension point that how Lift Nikkei just how keepin me get with the pricing ... can enter on the morning on the day that bring the deal the stock shed ... and then the site to figure out soon as ... this one was summoned to fourteen billion a sixteen billion anything about the kid ... who ate the little that can then Simons's came and telling me all or maybe ... a little tipsy we'll see if this backfires on them and then ... you know the stock to famine data submitted that dances net again once it becomes popular it becomes really popular right everybody wants to file a m Wednesday saying With this is a fake gets a little too that on the heels of some of the regular corporate highlights the cost of debt to them is a little to show what they paid supplier if it's at ... it is so that she couldn't apartments on the normal corporate bond buys wouldn't buy stop by its negative made out of the Treasury market which is God said a yielding ... and some buyers who can only buy agencies looking at this kind of deal to sit back and say that elements in another some of them from the massive amount of demand out there from insurance companies and they need bomb sold around to match match them liabilities writes about that for me being handled the old saw its influence across the Kravetz also lets a ... bias in hand ... that's why this would appeal is leading a lot of people to get caught back on the high cases that they thought they'd be a lot to get ... on and that's feeding feeding pattern that the Montevideo said ... REITs offer exciting